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Strategies & Market Trends : The Thread -- Ignore unavailable to you. Want to Upgrade?

To: stan s. who wrote (14083)	9/14/2000 7:17:26 PM
From: Jo Ellen T	Read Replies (2) \| Respond to of 49816

stan, were you by any chance watching NXTV at the eod ? Think I got ripped. Tried to play what I thought was a dip that turned into looking like a falling knife, dumped it with less than 4 minutes to go at 66 1/4. I saw some 67 prints go by as I was considering getting out, but the bid wasn't changing so I thought they might be late prints and I sold at a loss. Shut the computer off and when I came back found NXTV closed at 68. Yep,I think I got ripped ! But, what's a girl to do ? Just not play with those boys again ? ??? Jo Ellen

To: stan s. who wrote (14083)	9/14/2000 8:44:03 PM
From: charlie mcgeehan	Read Replies (2) \| Respond to of 49816

hey testy not posting as much as i am not trading as much. i have completely changed to position trading from daytrading. i am getting stopped out less, whipsawed less and profiting more. 3-7 days. if i hold a stock for say 5 days chances are two of those days may go against the trend i am following but the moves are smaller than the moves with the trend, if you can follow that drivel. i do believe we are under more manipulation than usual at this time. however in the big scheme of things i don't find it all that unusual. i'm sure that at different times you find things that were working for you change and to be continually successful you have to change also. in the past 9 months we have seen three completely different markets, bull, bear and now trending sideways. i don't think it is unusual to expect the pros to change their ways to protect their profit margins and i think we are seeing that over these past (especially) 3 months. a lot of people forget that in the past few years some of the odds have shifted to our favor with more tools and understanding than individuals have had in the past. i think the pros and the big players are simply fighting back as i expect them to. i think today it is vital to follow market direction, sector direction and stocks direction in that order. i also find it prudent to trade smaller positions and enter and exit trades in more than one move. the markets and the tactics will change once again and we have to be "IN THE GAME" to benefit. Certainly two of the past three types of market have been easier to trade, the bull and the bear, as long as one understood what was happening. the current market is more challenging but still profitable provided caution is used. easier to trade markets will return...we just don't know when. charlie